Maintaining Deductions

This session works as a complement of the Tax Code - Value Ranges session. In this session, you can specify values to be deducted per Fiscal entity and based on Tax type. You can use this session to inform any deduction, for example, deductions on income tax return if the person has dependents.

This can be used to minimize the tax amount difference that the person will have at the Annual (Adjustment) Tax Declaration.

  1. Expand Tax Engine applications > click Master Data.
  2. Select Deductions.
  3. Click the New View icon.
  4. Specify this information:
    Company

    Search and select a company. Click OK.

    Fiscal Identification

    Search and select a fiscal identification. Click OK.

    Fiscal Entity

    Search and select a fiscal entity. Click OK.

    Year

    Specify the year when the deduction is applicable. This field is mandatory.

    Period

    Specify the period when the deduction is applicable. This field is mandatory.

  5. To maintain deductions according to Tax type, click the New icon.
  6. Specify this information:
    Tax Type

    Select a tax type from the list.

    Line

    Specify the tax line.

    Deduction From

    Select whether the deduction is from the base amount or tax limit.

    Deduction Type

    Select a deduction type.

    Deduction Value

    Specify the value to be deducted.

  7. Click the Save icon.